AUD/USD may rise 18 - 33 pips

Pivot

0.6735

Our preference

Long positions above 0.6735 with targets at 0.6775 & 0.6790 in extension.

Alternative scenario

Below 0.6735 look for further downside with 0.6720 & 0.6705 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.6805

0.6790

0.6775

0.6757 Last

0.6735

0.6720

0.6705

Number of asterisks represents the strength of support and resistance levels.